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Property profile & analytics
OFF-MARKET
Estimated value
$4,285,000
Strip malls
5025 Eastern Ave Las Vegas, NV 89119-2318
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US62-0497238
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
9,456 SF
Lot
0.68 ac (29,621 SF)
APN
162-26-506-009
UPID
US62-0497238
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Rapido Ice & Water Vending Machine Big Box & Wholesale Store Distribution Center
-
Las Estéticas Eastern Hair Salon
-
God is love beauty supply (Bike/Boat/Book/etc) Store Cosmetic Store
-
The black door speakeasy Bar & Pub Nightclub
-
Reflexology of Las Vegas Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.43M
CAP Approach
CAP
$3.52M
Comparable Approach
Comparable
$2.66M
Blend (final)
Blend
$4.29M
Owner & transaction history
Eastern Lion LLC · 4 yrs held
Eastern Lion LLC
since 2022
Last sale
$4.3M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.8M
+66.0%
Commercial (general)
$6.0M
+45.7%
Auto repair, garage
$5.3M
+27.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Las Vegas submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Las Vegas submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$4,165,000
ML approach
$4,425,000
CAP Approach
CAP Return
Estimation
6%
$3,810,000
6.5%
$3,520,000
7%
$3,265,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$4,105,000
Current use
RESTAURANT
$6,815,000
Change: +66% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,980,000
Change: +46% · Conversion: Easy
AUTO REPAIR, GARAGE
$5,250,000
Change: +28% · Conversion: Difficult
WAREHOUSE, STORAGE
$4,465,000
Change: +9% · Conversion: Difficult
RETAIL STORES
$3,535,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$4.29M
Range $3.86M – $4.71M · ±10% · vs last sale $4.28M (Apr 1 2022)
Last sale anchor
$4.28M
Apr 1 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$453 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$7,001
Tax year 2023
Assessed value
$273,066
Assessed 2024
Previous assessed
$238,620
+14.4% YoY
Effective rate
2.56%
On assessed value
Assessed land
$124,408
Assessed improvement
$148,658
Land market value
$355,451
Improvement market value
$424,737
Total market value
$780,188
Applied tax rate
470.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Stories
1
Total area
9,456 SF
Lot
0.68 ac (29,621 SF)
APN
162-26-506-009
UPID
US62-0497238
Jurisdiction
CLARK
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$4.1M
RESTAURANT
Est. value
$6.8M
COMMERCIAL (GENERAL)
Est. value
$6.0M
AUTO REPAIR, GARAGE
Est. value
$5.3M
WAREHOUSE, STORAGE
Est. value
$4.5M
RETAIL STORES
Est. value
$3.5M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Stories
1
Lot
0.68 ac
Current owner
From public records · entity-resolved
Eastern Lion LLC
Entity
Mailing address
439 N CANON DR STE #300, BEVERLY HILLS, CA 90210-3909
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2022
$4,275,000
Eastern Lion LLC
Vegas Eastern Star LLC
Bargain And Sale Deed
$2,625,000 · Mountain America FCU
Aug 20, 2018
—
Vegas Eastern Star LLC
—
Grant Deed
related
$1,200,000 · Bank Of Sthrn Ca
Jan 7, 2013
—
Vegas Eastern Star LLC
—
Deed Of Trust
related
$1,220,000 · California Republic Bank
Sep 28, 2010
—
Vegas Eastern Star LLC
—
Deed Of Trust
related
$1,200,000 · Bank Of Nevada
Apr 22, 2010
$1,900,000
Vegas Eastern Star LLC
Nevada Title Co
Trustees Deed
$1,200,000 · Mokshinder Singh
Nov 7, 2000
—
Village At Eastern LLC
R & B S Squared LLC
Grant Deed
$2,812,500 · Nevada First Bank
Aug 1, 2000
$2,900,000
R & Bs Squared LLC
Perry Trust
Grant Deed
—
—
—
East Plaza Venture Village
—
Deed Of Trust
related
$900,000 · Pioneer Citizens Bank Nevada
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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